Chatuchak Market has been open since 1942.[1] In 1948, Prime Minister Plaek Phibunsongkhram had a policy that every province was required to have its own market. Bangkok chose Sanam Luang as the market site. After a few months, the government moved the market to Sanam Chai. The market moved back to Sanam Luang in 1958.

Starting in 1975, General Kriangsak Chamanan had the policy of using Sanam Luang as a place of recreational activity for the populace which would also be used for commemorating ceremony. As General Kriangsak Chamanan was the chairman of State Railway of Thailand at that time, he thus permitted the use of land on the south side of Chatuchak Park as a market. His plan was to recycle waste from the looming Din Daeng Garbage Mountain which had stacked up across the decades to use as landfills, and he recruited military engineers for the job. The park was fully completed in 1978, when General Kriangsak Chomanan became the Prime Minister.[2] [3]

By 1983, all of the merchants had moved to Chatuchak. At that time the market was called Phahonyothin Market. In 1987, its name was changed to Chatuchak Market.[4]

The clock tower is a distinctive landmark in the Chatuchuk Market. It was built in 1987 on the occasion of King Bhumibol Adulyadej's 60th birthday on 5 December 1987, a cooperative effort of the market administration and Thai-Chinese Merchant Association.[5]